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Manufactured Home Financing Anyone?

Manufactured Homes especially have not faired well this downturn. Let me be more specific. Can you finance a 1987 Manufactured Home on 11 Acres with no foundation or tie downs for 225k? Do you know anyone who can? The land and garage are worth 225k but tell me of a loan available for even a B+ Borrower? Two years ago the banks never even questioned this kind of deal because when our client bought this property (through another agent) it was closed in 30 days with no inspection.

Not this time folks...Two years later our clients are moving up and trying to make someone a great deal by selling the place for the land value, only to have it come back with new work orders each time. Looks like this home could become an unwanted rental until the seller can't afford an alternate housing replacement. The Manufactured Homes are a good Square footage for the price and affordable in my opinion. We need this kind of housing and loans should be available for the Thousands of manufactured Home Owners.
If your a Washington State Lender(Prefer Gig Harbor or the Kitsap Peninsula) and you have financing available... let me know...I'll pass it on to our clients and others in the future.
If you own a Manufactured Home in Pierce or Kitsap County and it hasn't sold because of financing let me know... maybe I'll have an alternative for you by then.

Contact me at http://ManufacturedHomeOwner.com

Jeff Clancy
Keller Williams Realty
253-720-7588
http://JeffClancy.com

Posted Thursday Sep 11

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